CodeWord Issue 16 - May 2006
In this issue
The Oyster Bay Case – Part 2
This issue of CodeWord follows the Oyster Bay case through to its conclusion in the High Court and the start of a new takeover process. This case is p…
Read MoreRank Group Investments & Carter Holt Harvey
The Panel made a significant decision in February 2006 on the terms of a proposed offer to be made by Rank Group for the remaining shares in Carter Ho…
Read MoreGuidance Note - Restrictive Conditions
The Code allows a bidder to make a takeover offer subject to conditions but limits the nature of those conditions. Rule 25(1) of the Code provides tha…
Read MoreSchemes of Arrangement & Inconsistencies between the Code & the Companies Act
The Panel has released a discussion paper on proposed changes to its policy on the use of its exemption powers to enable changes of control of Code co…
Read MoreMisleading The Panel
The Panel is concerned about incompleteness and lack of accuracy in some information it receives. These shortcomings occur both in complaints about th…
Read More